Sensex rises for 8th straight session; Nifty reclaims 10500

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The BSE Senex had gained 1,173.88 points in the previous seven sessions

The flagship Sensex during the session swung both ways -nearly 408 points - on hectic selling and buying activity by participants.

Wholesale inflation was 2.48 per cent in February and 5.11 per cent in March a year ago.

The US Dow Jones Industrial Average ended 0.50 per cent lower in Friday's trade.

Although, investors appeared slightly cautious amid mixed cues from global markets after a USA -led strike on Syrian targets in response to alleged chemical weapons attacks, fuelling fresh geopolitical tensions.

The broader NSE Nifty too struggled before ending well above the 10,500-mark.

The 30-share index fell by 293.31 points, or 0.85 per cent, to 33,899.34 in opening trade. Japan's Nikkei, however, was up 0.26%.

Housing Development Finance Corp Ltd and HDFC Bank Ltd were the top contributors to the indexes with gains of 1.6 percent and 0.9 percent respectively. Meanwhile, the Nifty was trading lower by 26.70 points or 0.25% at 10,453.90 with 26 components falling. Intra-day, it hovered between 10,396.35 and 10,540.15.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 0.88%.

On the other hand, Cipla (1.80%), Mahindra & Mahindra (0.87%), Adani Ports and Special Economic Zone (0.84%), ITC (0.81%), Larsen & Toubro (0.69%), and Kotak Mahindra Bank (0.64%) were the biggest gainers in the Sensex.

Infosys share price tanked sharply, slipping 6 per cent after the company reported 28.2 per cent fall in net profit at Rs 3,690 crore in Q4 on consolidated basis, in-line with expectations, as against Rs 5,129 crore reported in the December quarter of FY18.

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